Job TitlePricing ActuaryDivisionFinance - ActuarialReports ToLead Pricing Actuary – Cyber & Executive RisksKey RelationshipsUnderwriters and business managersBeazley actuariesClaims managersData Management and Ceded Reinsurance teamsRegulators, external actuaries, brokersJob SummaryActuarial pricing for the Cyber Risks Division and the Executive Risks classes (within the Specialty Risks Division) at Beazley.Key ResponsibilitiesTechnicalProvide pricing support to the Cyber & Executive Risks underwriting teams at Beazley; pricing support includes (as required):Developing pricing tools that support the estimation of price adequacy and rate changePerforming portfolio and transactional pricing analysesPerforming segmental and trend analysesPerformance monitoring (e.G. rate change and price adequacy metrics)Develop, maintain and review pricing models to the required standardsContribute effectively to the production of the relevant reports required for any key committees where requiredProvide training to underwriters in pricing; this includes technicalpricing and rate change requirementsUnderstand and support the underwriting controls related to pricing and relevant regulatory principlesUnderstand and apply the pricing quality assurance processAssist in other projects undertaken by the actuarial team e.G. liability transfer valuations and business planning analysesOperate as an effective team member by supporting colleagues and contributing in the delivery and achievement of overall team and business objectivesBuild your technical pricing skills and experienceProvide support and mentoring to the junior members of the teamKeep abreast of industry best practice, new initiatives and changes in regulatory requirementsBuild and maintain constructive working arrangements with those groups identified as being key to your roleWork with the underwriters, exposure management, claims managers, Data Management and Ceded Reinsurance to ensure the quality and appropriateness of the data used for pricing; ensure the necessary data is captured from pricing tools to enhance future pricing capabilitiesMaintain pricing model documentation with required frequency, obtaining the appropriate managerial sign‑offsIdentify opportunities and contribute to delivering improvements in the pricing processes and methodologiesUndertake qualified, technical and career development training (delivered internally and externally); this includes pursuing the actuarial qualification where applicableGeneralIt is important that within all your interactions both internally and externally you adhere to Beazley’s core values – being bold, striving for better, and doing the right thing – as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers. We also expect Beazley employees to:Comply with Beazley procedures, policies and regulations including the code of conduct which incorporates the PRA and FCA conduct.Undertake training on Beazley policies and procedures as delivered by your line manager, the People & Sustainability or assurance teams (compliance, risk, internal audit) either directly, via e‑learning or the learning management system.Display business ethics that uphold the interests of all our customers.Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.Comply with any specific responsibilities necessary for your role as outlined by your line manager, the People & Sustainability or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas.



This may include, amongst others, Beazley’s underwriting control standards, Beazley’s claims control standards, other Beazley standards and customer relationship management.Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system. These may include membership of any Beazley committees or working groups.Personal SpecificationEssential CriteriaActuarial qualificationPricing experience; with specialty (re)-insurance market knowledge desirableFirm grasp of actuarial/statistical techniques used in pricingUnderstanding of reinsurance and capital with application to pricingEducation and QualificationsUniversity degree in Mathematics or related fieldSkills and AbilitiesGeneral commercial and financial knowledgeCompetent user of MS Excel; VBA, Access, Python, SQL and R skills desirableStrong analytical skills with attention to detail; accurate and numerateAble to communicate effectively both verbally and in writingTeam worker as well as able to work on own initiativeAbility to manage time, meet deadlines and prioritiseAptitude and DispositionOutcome focused, self‑motivated, flexible and enthusiasticProfessional approach to successfully interact with team members, internal and external stakeholdersCompetenciesAchievement and solution focusedAnalyticalInformation seekingStakeholder focusUsing initiativeHaving integrityTaking responsibilityAttention to detailWho We AreBeazley is a specialist insurance company with over 30 years’ experience helping people, communities and businesses to manage risk all around the world. Our mission is to inspire our clients and people with the confidence and freedom to explore, create and build – to enable businesses to thrive. Our clients want to live and work freely and fully, knowing they are benefitting from the most advanced thinking in the insurance market. Our goal is to become the highest performing sustainable specialist insurer.Our products are wide ranging, from cyber & tech insurance to marine, healthcare, financial institutions and contingency; covering risks such as the weather, film production or protection from deadly weapons.Our CultureWe have a wonderful mix of cultures, experiences and backgrounds at Beazley with over 2,000 of us working around the world. Employee diversity, experience and passion allow us to keep innovating and moving forward, delivering the best. We are proud of our family‑feel culture at Beazley that empowers our staff to work from when and where they want, in an adult environment that is big on collaboration, diversity of thought and personal accountability. Our three core values inspire the way we work and how we treat our people and customers.Be boldStrive for betterDo the right thingUpholding these values every day has enabled us to become an innovative and responsive organisation in touch with the changing world around us – our ambitious inclusion & diversity and sustainability targets are testament to this.We are a adaptable and innovative employer offering a friendly, collaborative, and inclusive working environment. We actively encourage and expect applications from all backgrounds.



Our commitment to fostering a supportive and dynamic workplace ensures that every employee can thrive and contribute to our collective success.Explore a variety of networks to assist with professional and/or personal development. Our Employee Networks include:Beazley RACE – Including, understanding and celebrating People of ColourBeazley SHE – Successful, High potential, Empowered women in insuranceBeazley Proud – Our global LGBTQ+ communityBeazley Wellbeing – Supporting employees with their mental wellbeingBeazley Families – Supporting families and parents‑to‑beInternal Career ProgressionWe encourage internal career progression at Beazley, giving you all the tools you need to drive your own career here, such as:Internal Pathways (helping you grow into an underwriting role)iLearn (our own learning & development platform)LinkedIn LearningMentorship programmeExternal qualification sponsorshipContinuing education and tuition reimbursementSecondment assignmentsThe Rewards – UKThe opportunity to connect and build long‑lasting professional relationships while advancing your career with a growing, global organisation.Attractive base compensation and discretionary performance‑related annual bonusPrivate medical insurance coverage for both you and your dependentsCompany‑paid life assurance and long‑term disability insurancePension with 10% employer contribution, plus a further matched contribution up to 2.5%25 days of annual leave (prorated for 1st calendar year of employment), plus public holidays, with the ability to flex the religious bank holidays to suit your religious beliefs, subject to approval. Additional annual leave purchase is also available up to a maximum of five additional days per year.Up to 2.5 days matched paid leave for volunteering at a charity of your choice and 5 days paid leave to provide or arrange care for a dependent with a long‑term care need annuallyUp to £550 reimbursement towards home office set‑upFree in‑office lunch and monthly lifestyle allowanceMonthly travel allowance or annual season ticketThe opportunity to save for, and purchase, shares of Beazley stockSix months fully paid parental leave, regardless of how you come to parenthoodCompany‑paid sabbatical up to 12 weeks after 10 years of continued serviceSupport with exam/study leave and fees for relevant qualifications related to furthering educationSmart working policy and flexible working culture, trusting our employees to do what works best for them, their role and the needs of the businessThe Rewards – USThe opportunity to connect and build long‑lasting professional relationships while advancing your career with a growing, dynamic organisationAttractive base compensation and discretionary performance‑related bonusCompetitively priced medical, dental and vision insuranceCompany‑paid life, and short‑ and long‑term disability insurance401(k) plan with 5% company match and immediate vesting22 days PTO (prorated for 1st calendar year of employment), 11 paid holidays per year, with the ability to flex the religious bank holidays to suit your religious beliefsUp to $700 reimbursement for home office set‑upFree in‑office lunch, travel reimbursement for travel to office, and monthly lifestyle allowanceUp to 26 weeks of fully paid parental leaveUp to 2.5 days paid annually for volunteering at a charity of your choiceFlexible working policy, trusting our employees to do what works best for them and their teamsSalary for this role will be tailored to the successful individual’s location and experience. The expected compensation range for this position is $134,000 - $157,000 per year plus discretionary annual bonus.#J-18808-Ljbffr

📌 Pricing Actuary - $134,000 - $157,000 A Year (Toronto)
🏢 Beazley
📍 Toronto